- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Tag Archives: internal controls
Updating Internal Controls for a Remote Environment
A nonprofit organization (NPO) has a responsibility to its donors and other stakeholders to keep a strong internal control structure to help prevent and detect fraud. In the ever changing world we are in, it can become increasingly hard to … read more
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Tagged accounting, COSO, internal controls, management, nonprofit, NPO, remote working
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Ways to Help Detect and Prevent Fraud in Non-Profit Organizations
Preventing fraud in a non-profit organization is critical to protecting its assets, as well as its reputation. Donors to non-profit organizations want to feel that they can trust the board of directors and management of the organization to uphold its … read more
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Tagged accounting, best practices, Eric Taylor, fraud, government, internal controls, management, nonprofit, NPO, organization, policies, theft
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Arizona School District Travel Tips
Traveling for work can be very hectic, and so can confirming reimbursements are supported once the employee returns. Here is some advice that will help simplify the process and reduce some of the stress when audit time rolls around. The … read more
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Tagged Arizona, internal controls, reimbursements, school district, travel policy, USFR
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The Time is Now for Cleaning Up Cash Reconciliations
In a recent blog article, Sara Kirk discussed a number of points highlighting the importance of ensuring a district reconciles its records of cash to the county treasurer, a subject that happens to be near and dear to my heart. … read more
Posted in Articles
Tagged accounting, Arizona, audit, cash reconciliation, financial statements, internal controls, Jennifer Shields, school district, USFR
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What We Can Learn from Fraudsters
What can we learn from fraudsters? Within the last year in Arizona, there have been multiple fraud cases. The Arizona State Auditor General’s website has issued seven financial Investigation reports from January 2017 through May of 2018. This list includes … read more
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Tagged accounting, fraud, internal controls, Melanie Askew, separation of duties, theft
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Small Business Office? No Worries! Tips for Effective Segregation of Duties
Proper segregation of duties is an important internal control for any organization. By segregating duties between multiple employees, an organization can strengthen its processes and procedures to better detect errors, increase productivity, and mitigate the risk of fraud. The process … read more
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Tagged accounting, best practices, internal controls, nonprofit, segregation of duties, Shauna Brewster
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Applying Risk Assessment to Government
The implementation of a risk assessment process is a critical component of an organization’s system of internal control. It allows managers and those charged with governance to take a proactive approach to understanding risks which could prevent the accomplishment of … read more
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Tagged accounting, audit, Christopher Goeman, fraud, government, internal controls, risk assessment
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